Harvard Gets Its First VC Firm: The Experiment Fund

As just about everyone should know by now, the seeds of what grew into Facebook were planted at Harvard. Might there be a bunch of mini-Zucks lurking in the dorms of Cambridge? If so, a new venture capital firm — the first housed right on the Harvard campus — wants to find them.

When I say it’s “right on the Harvard campus”, I’m not kidding — it’s going to be based out of 33 Oxford Street, which is Harvard’s School Of Engineering And Applied Sciences. It’s a bit more than a stone’s throw from Harvard Yard. With that said, the fund operates with complete independence from the university.

And if you’re not a Harvard student? Don’t sweat it too much. The fund says they’re open to anyone, “regardless of university affilation, nationality, age, or prior experience.” Being a Harvard student (or at least a Cambridge local) probably wouldn’t hurt, though.

While it seems the size of the fund isn’t set in stone yet (or at least, it wasn’t disclosed — I’ll look into it. Update: they’re not setting a cap at this point), the team says they expect to seed “several” companies with up to $250k each over the next two years.